As always, gold miners who are growing into production are high risk investments and no one should invest more than can can afford to lose. having said that, i think it is a good buy time for Nevsun (NSU). It has been hovering around the 2 dollar range. I think it may become a buy out target within the next 6 months and this has the potential to bring the stock somewhere close to the 4 dollar range. I do own shares of nevsun (NSU) myself. No hype here just a hi risk recommendation. The price of gold could just as easily fall by 1 hundred dollars as increase by 1 hundred dollars at this point in time. Peace and prosperity to you.

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Turk Quid Pro Quo

Ok Turk, it sounds like you have some experience in all this gold stuff and I, probably like most veterans/retirees/dependents/ etc are interested in making some money. I see that KSU closed out at 33.08 per share on 23 Nov. Who do I go through to buy some shares? I've been looking at IAG, a company you mentioned, and can't find on their website how us ordinary folk, wo going through a broker can lay their hands on some stock. I'm very reluctant to let a middle man manage my money. I'd rather go direct, get my pieces of paper, sit back and enjoy; Or sit back and cry for being the fool. Eh, anyway, thats just my thought.......but I am interested.

The only way to go for us average joes these days is to open an account with an online broker. I use Schwab though I'm sure many of the others are good. As a gold bug myself I am in gold for the long run, probably at least the next few years. Things to keep in mind: when the entire stock market takes a dive, it can also drag gold miner stocks down. The spot price of gold can easily drop a long way, rapidly. Gold, along with just about all other commodities, has been in a bull market for the past few years. Most commodity bulls believe we are now entering the 'next up leg' of the commodity bull market. There will be many pulbacks along the way and evryone who makes a profit must decide for themsleves when it is time to take it. Although the central banks of the world wanted to push gold and silver aside as 'commodities' they will always have the dual place as 'real money' for the wise. The way gold has continued to make higher highs and higher lows, as equities continue to be mostly flat, is an indicator that the world is waking up to returning to precious metals as a store of value. I expect the stock markets may take a further dip pretty soon and may take some miner stocks down with it but, I expect the miner stocks to recover much faster than other sectors. I could be wrong but, being in it for a longer term and following convictions is important. I don't think i ever recommended IAG but one of the other investing posters did. IAG seems to be a good play but I don't own any. Good Luck.

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Turk Quid Pro Quo

Also,... there are tons of 'gold and silver miners' out there who are only hype and will never come to production. Research is important. It is better to go with a well known miner who is already producing such as GoldCorp (GG). If one really commits to being a precious metals investor in order to preserve the value of your hard earned cash, you should also buy some bullion. The U.S. Mint only sells bullion in quantity to registered dealers. The average person can go to just about any local coin dealer and purchase silver or gold bullion coins, bars at a premium over the daily spot price of the metal. I personally own silver eagles, pan american silver bars. I own no gold bullion at this time. The riskiest plays in gold miners are those who are still exploring their properties. These investments are either lose it all or make a bundle propositions. If you find a company that is not yet producing but is exploring a property a couple guidlines I use are: They should own outright most or all of their property----They should have already been drilling and sampling for at least three years and have their drill results available on the web----they need to have a good, reputable management and geoligical team. Some web sights to go to are: KITCO, Resource Investor. I also strongly recommend subscribing to a reutable newsletter published by someone who is known and respected in the mining investment industry. Sometimes a company will buy an old but abandoned mine that has a history of good decent production. Some of these old mines were simply shut down when it was no longer very profitable to keep mining, back in the sixties or late 1990's. These types of mines tend to be able to brought back into production faster with not as much sampling needed as a fresh start up. What ever you do,,, always avoid any company that is full of 'forward looking statements' and very little drill results or equipment purchases. I recently received an email hyping a canadian company, I won't mention the name. I researched it and found absolutlely no hard facts and nothing but hype. Just like the dot com boom and bust, the gold and silver mining sector will attract pump and dump crooks. Peace.

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Turk Quid Pro Quo

There are also geopolitics to consider, as in the case of Venezuela. The Chavez regime leaves a big open question. many who are heavily invested in Crystalex (KRY) sit every day waiting for the government to give the go ahead on the mine they have in Venezuela which is a huge mine. people have been trading in and out of the KRY stocks hi and low for the past few years as it moves on very piece of news out of the country. It has become a trade instead of an investment. Of course, Chavez could give the green light and let the company develope the mine for a few years before he takes it away, who knows. Sticking with the bigger miners or companies who are in North America is fast becoming the preferred play for many investors who do not want to lose it all because some dictator nationalized the mine they are invested in. many African mines continue to seem safe and of course Australia is a safe bet.

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Turk Quid Pro Quo

You're correct. It was another poster talking about IAG; sorry. Thanks for the good information in your posts. I've found some of the websites you've mentioned rather helpful. Now if I could only make my fist million...

When researching any company you are thinking about investing in, beware too much good news from the same source. Most companies hire PR firms to put out good news about them and many are legitimate however, when you are researching on yahoo or any where else you may see a company who has many news releases from the same source and all the news is good news, verify. When researching always verify any company news from several sources. There is much hype in the good news department but it only takes one piece of bad news from anywhere to take a stock down. Kind of like the old military philosophy of 'one aw shit' wipes out all the previous 'att a boys'.

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Turk Quid Pro Quo

Before I post this, remember, I could be wrong. I recently posted about a company named "Nevsun" symbol , (NSU). The share price has been see-sawing above and below the $2.00 for a while now. I posted that I thought it could become a buyout target within 6 months. At the time I posted that remark, I was figuring a fifty/ fifty chance of the take over. Today, based on some recent information, I am upping my probability of a take over to 75 percent. If the company is taken over it has a chance of increasing the share price by 50-100 percent. It is a high risk, risk of losing the hope of a buyout, but any shares would owned would continue to rise and fall commensurate with the price of gold and mine production as it comes on line. I do own shares of NSU and I'm not interested in hyping, just passin on an occasional tip to my military brethren and those connected with them and the military. My information is always based on information I get from other sources, not my gut or intuition, and I am fanatical about filtering out Any hype. CHEERS!

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Turk Quid Pro Quo

Yahoo link to latest news on NEVSUN (NSU):
http://biz.yahoo.com/iw/071212/0339161.html



One more permit to go then it will be in a sweet spot for a possible take over.CHEERS!

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Turk Quid Pro Quo

TYHEE continues to make significant progress with very good drill results. They have been pretty much off the radar since they began developing the yellowknife region several years ago. They have plodded along, carefully, with very good financial backing by highly reputable people. The stock price has pulled back to the fifty cent range, might be a good buy in point for a few shares. I first bought in at 23 cents around 2 years ago. This is the kind of exploration company that has the probability to pay off handsomely in the future as they continue to plod along and acheive great results, with no hype. Anyone invested here has to stick with their convictions through the hi's and lows, but I am personnaly in this one for the long haul. Link to latest drill results with a very spectacular gold grams per ton in one small section. I can't recall a drill result from these guys that came up completely dry. They are also finding tungsten which may or may not turn out to be profitable but, consider the fact that China is the world's primary supplier of tungsten today. Link:
http://www.tyhee.com/news/documents/071217aNicholas.pdf

I do own tyhee and i don't recommend investing more than you could afford to lose in any stock. CHEERS!

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Turk Quid Pro Quo